Poundworld UK store closures: Is your local shop closing down? Up to 100 set to close

POUNDWORLD has will close up to 100 stores across the UK, it has been reported – more than a quarter of shops owned by the discount retail chain. It is believed there will be hundreds of job losses following the move.

Express.co.uk contacted a Poundworld representative for further comment on this story, who said they do not have a comment at this time.

PA

Poundworld UK store closures: The company has refused to comment on reports so far

Getty

Poundworld UK store closures: Prezzo, which is owned by the same firm, also has closures ahead

Last month, Prezzo announced it was closing 92 restaurants across the UK.

his is part of a restructuring backed by most creditors which could jeopardise up to 1,800 jobs.

The chain employs about 4,500 people. Prezzo is closing all of the 33 outlets of its TexMex chain Chimichanga.

Jon Hendry-Pickup, CEO of Prezzo, said: “I would like to thank our creditors and landlords for supporting our Transformation Plan.

"While we continue to be profitable, the pressures on our industry have been well documented.

"Despite this being a tough decision, the support given today by our creditors shows that they believe we have the right approach to transforming Prezzo in the eyes of teams, customers and stakeholders.